Duplex With Attached
For Sale
$310,000
Pending
2057 Bridlewood Boulevard Unit 2059, Columbus, OH 43207
Two 2-bed, 1-bath units each include a one-car attached garage, with long-term tenants in place on both sides.
Property Size2,336 SF
Days on Market159
Property Features for 2057 Bridlewood Boulevard Unit 2059
General Information
Standard status
Pending
Size
2,336 SF
Total Parking Spaces
2
Property subtype
Multi-Family / Duplex
Occupancy
100%
Net Operating Income
$9,480
Additional Details
Highway Access
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,330
Amenities
Central Air
Forced Air
Yes
Building Details
Year Built
1989
Tenancy
Multi
Listing Agency:
Verti Commercial Real Estate L
Listed By:
Brett A Ludwig · License #2016004572
(614) 515-2995
Source:
Compass
Added: Apr 1
Changed: Aug 8
Last Checked: Jul 20 at 4:40PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Verti Commercial Real Estate L
Investment Insights
Based on property information with market context.
This duplex in the Obetz area offers two separate residential units, each configured with 2 bedrooms and 1 bathroom. Both sides include one-car attached garages. The property is currently occupied by very long-term tenants, with unit 2057 in place since 2008 and unit 2059 since 2010.
Tenants pay utilities and handle lawn care. Recent exterior and mechanical updates include new AC units in 2022 and 2024, along with new siding and privacy fencing in 2025. The listing notes the property provides easy access to I-270, and it is available as a stand-alone purchase or in a package with six other nearby duplexes.
Curb offers only, and prospective buyers should not disturb tenants.
Tenants pay utilities and handle lawn care. Recent exterior and mechanical updates include new AC units in 2022 and 2024, along with new siding and privacy fencing in 2025. The listing notes the property provides easy access to I-270, and it is available as a stand-alone purchase or in a package with six other nearby duplexes.
Curb offers only, and prospective buyers should not disturb tenants.
Key Highlights
- Duplex in the Obetz area with 2 bedrooms and 1 bath per side (2 units total)
- Each unit includes a one‑car attached garage
- Long‑term tenants in place: Unit 2057 since 2008 and Unit 2059 since 2010
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,319
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.49%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$526,380
$526.4K
Cap Rate 7%
$375,986
$376.0K
Cap Rate 9%
$292,433
$292.4K
Market Conditions
NOI Build-Up for 2,336 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$40.6K $17.40/SF
− Vacancy
−$3.0K −$1.31/SF
EGI
$37.6K $16.10/SF
− OpEx
−$11.3K −$4.83/SF
NOI
$26.3K $11.27/SF
Area
ZIP 43207
Vacancy
7.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$526,380
Cap Rate 7%
$375,986
Cap Rate 9%
$292,433
Alternative Uses
Best Use
Multifamily LT 5
$376.0K
$329.0K – $438.7K
NOI $26,319 @ 7.0% cap · market cap 8.49%
Second Best
Apartment 5plus
$344.8K
$301.7K – $402.3K
NOI $24,139 @ 7.0% cap · market cap 7.79%
Theoretical Best
Warehouse
$470.8K
$412.0K – $549.3K
NOI $32,958 @ 7.0% cap · market cap 10.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
124
Businesses Nearby
Explore this area
Business Placement
Demographics for 43207, OH
46,853
Population
21,242
Households
2.2
Avg Household Size
38
Median Age
16%
College-Educated
85%
High-School Grad
23.1 sq mi
ZIP Area
2,028
Density / Sq Mi
$61,307
Median Household Income
$40,037
Median Earnings
$1,115
Median Rent
$156,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two 2-bed, 1-bath units each include a one-car attached garage, with long-term tenants in place on both sides.
Where is this duplex located?
The property is located at 2057 Bridlewood Boulevard Unit 2059 Columbus, OH.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: Duplex in the Obetz area with 2 bedrooms and 1 bath per side (2 units total); Each unit includes a one‑car attached garage; Long‑term tenants in place: Unit 2057 since 2008 and Unit 2059 since 2010
